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Thursday, 14 April 16
AUSTRALIAN MINING SERVICES SECTOR SQUEEZED BY MINERS' COST CUTS - FITCH RATINGS
 Fitch Ratings says mining services companies' revenues and margins will remain under pressure as miners continue to focus on reducing costs amid lower commodity prices.
Mining companies continue to move operations in-house, renegotiate service contracts to reduce value or scope, extend payment terms and limit further exploration as they seek to minimise costs and restore profitability. This directly impacts the work contracted to mining services companies, either squeezing margins, delaying cash inflows or reducing the pipeline of work available.
The decision last week by Fortescue Metals Group Limited not to renew its contract with Downer EDI Limited, as its moves to an owner-operator model at its Christmas Creek mines, highlights this trend. Fortescue had also reduced the scope of the contract in February 2015. In addition, Rio Tinto Ltd announced last week that it was extending its supplier payment terms to 90 days from 45 days for contracts greater than USD3m, and to 60 days for contracts under this threshold. Other solutions over the past year include Atlas Iron announcing a profit sharing arrangement linked to iron ore prices with its contractors to address the impact of price volatility on its returns.
Fitch expects mining service companies with limited operations outside the resources sector to be more affected by the mining companies' actions because they have fewer opportunities to replace lost revenues. Fitch downgraded Emeco Holding Limited's Issuer Default Rating by two notches to 'B-' in September 2015, which reflected the impact of the prolonged weakness in global commodity markets on its profitability, cash flows and scale. The recent insolvencies of Civil Australia Holdings and WDS Ltd. continue to highlight the increasing challenges smaller mining service companies face in this new environment.
Larger and more diversified engineering firms, such as Downer, are likely to be less affected by the miners' actions. Their exposure to other sectors, including infrastructure and civil sectors, allows them to mitigate any loss of mining services revenue.
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Tuesday, 05 June 18
SOUTH KOREA'S SULPHUR CAP ALTERS ASIAN COAL MARKET DYNAMICS: RUSSELL
South Korea’s imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia’s markets for the pollutin ...
Tuesday, 05 June 18
THINGS STILL LOOK TO BE PROMISING FOR THE DRY BULK MARKET OVER THE NEXT COUPLE OF MONTHS - GEORGE LAZARIDIS
Just as we thought the world was calming back down to reason, worries and frictions regarding global trade resurfaced this past week after a series ...
Tuesday, 05 June 18
INDONESIAN COAL PRICE REFERENCE IS GOING UP AGAIN
COALspot.com: According to latest ministerial decree No. 1857 K/30/MEM/2018 dated 4 June 2018, the Indonesian Coal Price Reference (HBA) up 7.91 pe ...
Saturday, 02 June 18
HOW CARBON UTILISATION WILL BE A KEY STEP IN INDIA'S CLIMATE STRATEGY - BENJAMIN SPORTON
For India, energy remains the key driver of growth, not only from an economic perspective but more importantly for accelerating social development. ...
Thursday, 31 May 18
SUPRAMAX: INDO/CHINA COAL RV IS GETTING FIXED AROUND $13K DELIVERY SINGAPORE - FEARNLEYS
Capesize
The Cape market has been on a downward trend for the past week.
According to Fearnleys, Oslo based broker, Brazil market ...
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Showing 1706 to 1710 news of total 6871 |
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- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
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